3M Co. (MMM)

Shares have climbed Friday, though have lagged recently, because of hopes that they will settle a pollution lawsuit. However, today the market read that progress negatively, and shares sank.

Bad--the two lawsuits. Don't own this.

Wait out the lawsuit as you collect the 5.8% dividend. Be patient.

Doesn't see how they can get out of this earplug lawsuit (by US Vets). This suit won't end anytime soon. Also sued over groundwater desecration.

Big, diversified manufacturing conglomerate. Safety, industrial, transportation applications. Terrible chart, losing money. Paltry 10-year return is only from the dividend. Balance sheet strong, dividend not at risk. A show-me story. Stay on the sidelines.

He's very concerned about 3M's lawsuit (causes hearing damage for veterans). (He has unrelated tinnitus.) Also concerned about their groundwater lawsuit.

They make industrial equipment. They last came out with awful numbers, and this stock has declined over 5 years. Was supposed to be a good bet after Covid, but it has disappointed.

Classic value trap. Attractive dividend at 5%, but the fundamentals are failing. Class action lawsuits. Especially worrisome is PFAS, a toxic chemical, representing 3% of its business.

Shares fell below 200-day moving average. Respirator sales have been challenged. He likes industrials, though, but there are better names. Good dividend, but Honeywell, Caterpillar and Deere are better. A big overhang is this chemicals lawsuit.